The EFCC got a court order to retrieve the money.
The Economic and Financial Crimes Commission, EFCC, has said it is in possession of over $103 thousand (N15.5 million) hidden in Bermuda Island by a retired Nigerian public officer, who is being prosecuted.
The Spokesperson of the Commission, Wilson Uwujaren, said in a statement on Saturday that commission took possession of the asset based on a Court Order granted by an Abuja High Court on October 17.
Bermuda Island is an overseas territory of the United Kingdom in the North Atlantic Ocean, located off the east coast of the United States. It is situated around 1,770 km (1,100 mi) Northeast of Miami, Florida.
Mr. Uwajaren also said EFCC’s action is in compliance with Section 6(e) of the EFCC Establishment Act 2004, which empowers the Commission to adopt measures to identify, trace, freeze, confiscate or seize proceeds derived from terrorist activities, economic and financial crimes related offences or the properties the value of which correspond to such proceeds.
“The commission is hereby advising all citizens that there is no hiding place for any Nigerian who may want to courier the proceed of illicit wealth to foreign lands as the Commission working with relevant intelligence units, has the capacity to trace and seize such proceed,” he said.
Among the three prayers granted the EFCC by the High Court, where the retired public official is being prosecuted is “An order freezing the said sum of One Hundred and three thousand, Seven Hundred and Sixty Two Dollars, being the property of the Accused/Respondent held in an Investment Vehicle in Bermuda, with an initial deposit of One Hundred Thousand Dollars, a partial redemption of which the Accused /Respondent has requested for.”
Sources told PREMIUM TIMES that the accused is a former Chief Executive Officer of a government agency.